ABSTRACT
At the end of 1988, the reform of the economic system being conducted in mainland China will celebrate its tenth anniversary. In the beginning, the economic reforms of the Chinese Communists were concentrated on the management of the agricultural sector and on adjustments of specific gravity in industry structures. The Communist Chinese economy is facing troubles that not only might nullify all the advances cited but also further damage economic development efforts and indicate a bleak future for the nation's economy. The economic reforms being implemented today started with an increase in the price of agricultural products, which led to a gradual release in market prices for such products, determined by supply and demand. Along with rapid changes in the economic environment, the structure of prices has long been restrained, leaving a critically unbalanced relative price. Given the existing situation and the widespread dissatisfaction it has spawned, no sane future can be expected for economic reforms in mainland China.
